Marcia Millon Cornett Knihy

Financial Markets and Institutions, 4/e offers a unique analysis of the risks faced by investors and savers interacting through financial institutions and financial markets, as well as strategies that can be adopted for controlling and managing risks. Special emphasis is put on new areas of operations in financial markets and institutions such as asset securitization, off-balance-sheet activities, and globalization of financial services.

Focuses on managing return and risk in financial institutions. The text argues that risks faced by financial institutions managers, and the methods and markets through which these risks are managed are becoming similar whether an institution is chartered as a commercial bank, a savings bank, an investment bank, or an insurance company.